Reasons someone would use the services of Advantage Appraisals

Thousands of people in Alabama purchase, sell or refinance their home each month. Most of these transactions include a simple line item for an appraisal. And while there are a multiplying number of automated home valuation systems that may appear to be more economical than an appraisal, most lenders still want a local expert because the stakes are incredibly high. You might believe that securing a mortgage is the only reason to acquire an appraisal, but there are more cases when the services of a licensed, independent real estate professional might be helpful.

For real estate appraisals in Huntsville and Madison County, it's easiest when your order from Advantage Appraisals, just click here.

 

Let Advantage Appraisals help you lower your mortgage payment

When the amount being loaned to the home owner is more than 80% of the actual value of the home, most lenders ask home buyers to buy an added insurance plan. That policy is Private Mortgage Insurance, or PMI. This additional payment is often lumped into the monthly mortgage payment and is quickly forgotten. This is unfavorable because PMI is no longer required when the remainder of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to eliminate the PMI payments when the balance is paid down to 78% of the original value.

Advantage Appraisals will provide you with a statement regarding the value of your home, and the cost of the home valuation can generally be regained in just a few months because you'll no longer be paying the PMI.

Settling a divorce with less stress with an appraisal from Advantage Appraisals

A divorce can be an especially traumatic experience for both parties, and it is often further complicated by the strenuous decision of who maintains the home. So both parties are entirely aware of the true market value of their house, it's a good idea to get an appraisal from Advantage Appraisals, regardless of the situation.

The parties will have a better idea of what price to set, if they want to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've received a fair evaluation.

Accurate and fair estate liquidation with help from Advantage AppraisalsSettling an estate

The loss of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. We ensure the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).

Most Americans don't have dedicated estate planners or executors to handle these issues, unlike many wealthy individuals. A home or other property often makes up an unequal share of the total estate value, so knowing the true value of the real estate at hand is of essential importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Let Advantage Appraisals help you with relocating to or from Madison County

Moving due to a job change can be a more than just an inconvenience, and we understand. That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our intensive process, we recommend employees that are moving to provide remarks on the positive attributes of their property, as well as information about any recent sales or listings in their neighborhood that they want considered.

Sell your home quickly at the right price with an appraisal from Advantage Appraisals

A professional appraisal can help you make a more informed decision when determining your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to complete the appraisal report and and aren't related to the sales price.

We examine the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. And we're experts in knowing how long properties are on the market. So, seeking a professional appraisal is a reliable way to decide what improvements will add value and what an applicable sales price is for your home so you don't come up short or have your house on the market an unnecessarily long time.